424B3 1 file001.htm DEFINITIVE MATERIALS



                                                Filed Pursuant to Rule 424(b)(3)
                                                     Registration No. 333-109178


PROSPECTUS SUPPLEMENT
(To prospectus dated October 8, 2003 and prospectus supplement dated September
13, 2004)


                           VION PHARMACEUTICALS, INC.

                        13,050,000 SHARES OF COMMON STOCK

                                -----------------

         This document supplements the prospectus dated October 8, 2003 and the
prospectus supplement dated September 13, 2004, relating to the sale of
13,050,000 shares of our common stock. We are not selling any shares; the
stockholders named in the prospectus are offering their shares.

         This supplement amends the table of selling stockholders on page 2 of
the prospectus supplement dated September 13, 2004 to reflect the following
transfers:

         o    A warrant to purchase 100,000 shares of common stock from Rodman &
              Renshaw, Inc. to Langley Partners, L.P. The warrant has an
              exercise price of $2.50 per share of common stock.

         o    A warrant to purchase 285,714 shares of common stock from
              Cohanzick Partners, LP to Langley Partners, L.P. The warrant has
              an exercise price of $2.50 per share of common stock.

                                -----------------

         SEE "RISK FACTORS," WHICH BEGINS OF PAGE 8 OF THE ACCOMPANYING
PROSPECTUS, FOR CERTAIN INFORMATION THAT SHOULD BE CONSIDERED BY PROSPECTIVE
INVESTORS.

                                -----------------

         Neither the Securities and Exchange Commission nor any state securities
commission has approved or disapproved these securities, or determined if this
prospectus is truthful or complete. Any representation to the contrary is a
criminal offense.

                              --------------------

           THE DATE OF THIS PROSPECTUS SUPPLEMENT IS OCTOBER 18, 2004.





                              SELLING STOCKHOLDERS

         This prospectus relates to the registration of 13,050,000 shares of
common stock of Vion for resale by certain selling stockholders. The following
table contains certain information about the selling stockholders and the shares
of common stock that they are offering pursuant to this prospectus.



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                                          Shares of Common                      % of       Number of Shares
                                               Stock                            Common       of Common Stock
                                            Beneficially        Shares of     Stock Owned      Beneficially
                                            Owned Before       Common Stock    After this    Owned After this
SELLING STOCKHOLDER                        this Offering      Being Offered     Offering       Offering (1)
---------------------------------------------------------------------------------------------------------------

Langley Partners, L.P.                      3,412,054 (2)     3,412,054 (2)        *                 0
---------------------------------------------------------------------------------------------------------------
The Riverview Group, LLC                    1,142,858 (3)     1,142,858 (3)        *                 0
---------------------------------------------------------------------------------------------------------------
TCMP3                                         171,428 (4)       171,428 (4)        *                 0
---------------------------------------------------------------------------------------------------------------
Bristol Investment Fund, Ltd                  571,428 (5)       571,428 (5)        *                 0
---------------------------------------------------------------------------------------------------------------
Gamma Opportunity Capital Partners, L.P.      285,714 (6)       285,714 (6)        *                 0
---------------------------------------------------------------------------------------------------------------
Smithfield Fiduciary LLC                    1,142,858 (7)     1,142,858 (7)        *                 0
---------------------------------------------------------------------------------------------------------------
Silver Oak Investments                        571,428 (8)       571,428 (8)        *                 0
---------------------------------------------------------------------------------------------------------------
RHP Master Fund, Ltd                          342,858 (9)       342,858 (9)        *                 0
---------------------------------------------------------------------------------------------------------------
Portside Growth and Opportunity Fund         571,428 (10)      571,428 (10)        *                 0
---------------------------------------------------------------------------------------------------------------
Xmark Fund, L.P.                             413,372 (11)      413,372 (11)        *                 0
---------------------------------------------------------------------------------------------------------------
Xmark Fund, Ltd.                             729,486 (12)      729,486 (12)        *                 0
---------------------------------------------------------------------------------------------------------------
Platinum Partners Value Arbitrage Fund       571,428 (13)      571,428 (13)        *                 0
LP
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R&R Opportunity Fund, LP                     170,285 (14)      170,285 (14)        *                 0
---------------------------------------------------------------------------------------------------------------
Lonestar Partners, LP                        571,428 (15)      571,428 (15)        *                 0
---------------------------------------------------------------------------------------------------------------
Cohanzick Partners, LP                       285,714           285,714             *                 0
---------------------------------------------------------------------------------------------------------------
Cityplatz Limited                          1,142,858 (16)    1,142,858 (16)        *                 0
---------------------------------------------------------------------------------------------------------------
Atlas Fund, LLC                              645,090 (17)      645,090 (17)        *                 0
---------------------------------------------------------------------------------------------------------------
LibertyView Funds, L.P.                      225,000 (18)      225,000 (18)        *                 0
---------------------------------------------------------------------------------------------------------------
LibertyView Global Volatility Fund, LP        25,000 (19)       25,000 (19)        *                 0
---------------------------------------------------------------------------------------------------------------
Rodman & Renshaw, Inc.                        58,285 (20)       58,285 (20)        *                 0
---------------------------------------------------------------------------------------------------------------
TOTAL                                          13,050,000        13,050,000                          0
---------------------------------------------------------------------------------------------------------------


*      Less than 1%.

(1)    Assumes sale of all of the shares of common stock offered hereby.

(2)    Includes (i) 1,388,170 shares of common stock issuable upon the exercise
       of warrants, (ii) 100,000 shares of common stock issuable upon the
       exercise of the warrant transferred from Rodman & Renshaw, Inc. and (iii)
       285,714 shares of common stock issuable upon exercise of the warrant
       transferred from Cohanzick Partners, LP. Langley Capital, LLC is the
       general partner of Langley L.P. Jeffrey Thorp is the sole member and
       manager of Langley Capital, LLC. Langley Management, LLC is the
       investment manager of Langley L.P. Mr. Thorp holds 99% membership
       interest in Langley Management, LLC and is the sole manager thereof. As a
       result each of Langley Management, LLC, Langley Capital and Thorp may be
       deemed to share dispositive power over the shares of common stock stated
       as beneficially owned by Langley L.P.



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(3)    Includes 571,429 shares of common stock issuable upon the exercise of
       warrants.

(4)    Includes 85,714 shares of common stock issuable upon the exercise of
       warrants.

(5)    Includes 285,714 shares of common stock issuable upon the exercise of
       warrants.

(6)    Includes 142,857 shares of common stock issuable upon the exercise of
       warrants.

(7)    Includes 571,429 shares of common stock issuable upon the exercise of
       warrants.

(8)    Includes 285,714 shares of common stock issuable upon the exercise of
       warrants.

(9)    Includes 171,429 shares of common stock issuable upon the exercise of
       warrants.

(10)   Includes 285,714 shares of common stock issuable upon the exercise of
       warrants. The Investment advisor to Portside Growth and Opportunity Fund
       is Ramius Capital Group, LLC. The managing member of Ramius Capital
       Group, LLC is C4S & Co., the managing member of which are Peter Cohen,
       Morgan Stark, Thomas Strauss and Jeffrey Solomon. As such, Messrs. Cohen,
       Stark, Strauss and Solomon may be deemed beneficial owners of the shares
       of common stock stated as beneficially owned by Portside Growth and
       Opportunity Fund. Messrs. Cohen, Stark, Strauss and Solomon disclaim
       beneficial ownership of such shares of common stock.

(11)   Includes 206,686 shares of common stock issuable upon the exercise of
       warrants.

(12)   Includes 364,743 shares of common stock issuable upon the exercise of
       warrants.

(13)   Includes 285,714 shares of common stock issuable upon the exercise of
       warrants.

(14)   Includes 56,000 shares of common stock issuable upon the exercise of
       warrants.

(15)   Includes 285,714 shares of common stock issuable upon the exercise of
       warrants.

(16)   Includes 571,429 shares of common stock issuable upon the exercise of
       warrants.

(17)   Includes 322,545 shares of common stock issuable upon the exercise of
       warrants.

(18)   Represents 225,000 shares of common stock issuable upon the exercise of
       warrants.

.(19)  Represents 25,000 shares of common stock issuable upon the exercise of
       warrants.

(20)   Includes 58,285 shares of common stock issuable upon the exercise of
       warrants.








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